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I have been watching this stock. Buying and selling it since 2007. I know Mr Eric's tactics like the back of my hand. Just think he has run this stock- Yes stock not company but stock- Since 2007. Since then he has reverse split and raised AS several times. IN 2007 when Mr Eric took over this stock was trading $7-$8 post split. In 15 years he has done nothing but use WNBD as a ATM machine. Will he change his business tactics now? No. He is still diluting. If you hold long term you will lose your money. Yes you can flip and make money here but what about the poor people who are actually believing his stories and do not know his past and present business practices?
His pattern in the past is to dump it down. Stop. Pump on twitter. Let it pop up a little . Then dump again.
'There’s no way this goes much lower' LOL. Its at .0008 much lower is no bid. AS is 7 billion right now not 5 billion. Like I said earlier it probably will move up some on the coming pump but it will not last so you better sell quick. Billions of shares will be dumped here. AS raise again to at least 10 billion maybe 20 billion and reverse split coming. Point is this is just a quick pump and dump unless you want to lose your money. Comparing this to loser stocks is great on your part because this one is a loser in the long run.
Diluting is his debt reduction plan. He is doing it big time now but sadly the debt reduction part is not taking place. Look at coming filing and see if there is any debt reduction. Just dilution and the money going into his pocket.
That is old tweet from July. Since then he has done nothing but pump and dilute. Should gap up a little at some point but let us keep it real. This is a pump and dump with nothing but dumping taking place right now.
Undervalued? With all the debt and dilution. Only play here would be quick flip on any bounce. They are dumping 50 million blocks everyday. That is making it harder and harder to bounce. Will take a lot of volume. In the long run billions of more shares will be diluted and then a reverse split. No long term value here at all.
50 million share blocks dilution everyday. Shame!
Dilution is unrelenting. Shame. Where will it bottom out? Billions more to dilute. Another AS raise coming. Will have no choice but to reverse split at some point. Just a shame to sell a story to people. WNBD has been Mr Erics piggy bank since 2007. What has played out here has happened to hundreds if not thousands of people who do not know about his bad business practices that just skirts the law. Will it dip and rip at some point with small window to make a profit? Probably but be carful and take any profits quick. Only people who ever made profits here are those who bought and sold quickly.
Its possible when he starts pumping hard in December and leading up to that you will get a chance to flip but that will not last long and it will take a lot of volume.
Sadly WNBD will only see a penny when it reverse splits and even then it will not last long.
Of course some shares trading is retail but what is driving it down is dilution.
Mr Eric thinks people are so stupid. Notice the wording 'no unreported company share issuance today' Understand what he is saying. He 'reported' several weeks ago on twitter that he was selling 50 million share blocks. Maybe he didn't issue any 'today' but he sure did some time before today and I am sure he will tomorrow or soon there after. I mean you can clearly see the dilution hitting.
WNBD DEBT Payoff. The convertible debt is over 4.4 million dollars. Do the math. How many shares will he have to issue to cover 4.4 million dollars? The worst part is this the current dilution. These 50 million blocks hitting now is not part of that debt. Read filings.
On thing for sure is that Mr Eric is selling the shares. He sells them in 50 million blocks at a discount to current market to anybody who wants to buy them and then they sell them in the market. Mr Eric is the one in control of WNBD so of course he is getting the money. He laughs at shareholders for how easy it is to get over on them. He has done this with WNBD since 2007. Rinse and repeat. One final note. Your 120k is off because you are double counting the shares.
Mr Eric just cashed in another 40k by selling 50 million shares at .0008. He has diluted billions of shares over the years after making up story after story. WNBD is his piggy bank.
He has been so called building this company since 2007 with nothing to show but dilution and reverse splits. How is that good?
Mr Eric should be ashamed of himself pumping on twitter and then diluting the stock. He has done this to WNBD since 2007. Dilution and reverse split. Rinse and repeat. Promise after promise. When will the SEC step in?
WNBD. Diluter Just showed back up under VIRT. He is a killer. See how much will be added to OS this week. Billions coming.
WNBD Thousands in sales. How was this a great update on WNBD? Millions in debt with major dilution. Terrible.
Dilution just started. Read their latest filing and do the math and quit believing Mr Eric's lies.
Over 5.4 million dollars total debt. Over 4.4 dollars convertible into stock. With 56 thousand dollars in sales latest quarter. Believe the numbers not a con man.
https://www.otcmarkets.com/otcapi/company/financial-report/296128/content
THM News just out. Largest independent Gold mine in North America? 13.6 million ounces. Nobody cares about real gold. LOL. Back in the day this bad boy would be running.
https://finance.yahoo.com/news/international-tower-hill-mines-announces-210500757.html
So how much are you buying tomorrow @.0009?
He will probably say he is using it for operating funds or expansion and its great people want to invest in wnbd. LOL.
I can tell you what he has been doing. He is selling 50 million blocks to individuals at 50% discount to market if not more. He pockets the cash and they dump on the market.
Oh he will be on twitter soon with some story. He has not been on in 6 days so it is time. Hope the federal marshals are monitoring his accounts like they did that other guy. It has been against the law to sale stock while you pump since the golden age. You know back when most people were honest. Not like it is now. And just because you change forum and pump it on twitter does not make it legal.
Mr Eric did it to the shareholders again. 300 million more unrestricted in the outstanding. He probably banked between 300-500k this time. He has done this same thing since 2007. He should be charged with fraud because he keeps lying on twitter. Oh well. He is a con man. It will catch up to him at some point. Just do not give him your money. If you play here flip it quick. .0009 to .0015 has been good but might go back to .0004- .0006 now with all the dilution. It is a shame that so many of these fraud CEO's are allowed to continue to do this to people.
SYN I am the only one on ihub that is posting about SYN. Really on a gut feeling. Started at .431. Break .46 it hits .50 the 100 DMA. Break .50 it hits .58 the 200 DMA. Break .58 ????
SYN @.44 Got that feeling.
SYN You guys ever just get feelings about a stock. I just feel this stock will break .50 soon and quickly. Can not shake this feeling. I only have 5k in it but thinking of putting 50k in it. But seems like gambling since it is just a feeling and not based on sound DD.
Would love .0008-.0009 . Really would be nice. With diluter gone that area would be golden.
SYN Looks next.
AIHS. Maybe. 8-k out.
SESN Big meeting tomorrow.
https://finance.yahoo.com/news/sesen-bio-shares-gain-fda-121734463.html
"The CMC Type A Meeting has been scheduled for October 29."
EAST 8-k Agreement with Frito Lay out. No news on it.
Item 8.01 Other Events
Joint Promotion Agreement
On October 26, 2021, Eastside Distilling, Inc. (the “Company”) entered into a joint promotion agreement, effective as of October 22, 2021, with Frito-Lay North America, Inc. The agreement contemplates a shared effort to promote both the Lay’s brand and the Company’s Eastside brand during a period that will end on January 31, 2022 unless extended by mutual agreement.
IINN??? 3 million float 6 million outstanding 164 million volume. Crazy.
Still not good he not even staying on as director. He cleaned his hands of it for a reason. They( new ceo and team) are just a start up so bringing in no real value to drng. But this is a silly market so it will probably run.
How is Frank resigning from DRNG good news?
FEDU Wants to run. You can see company buying back shares on open market. I have been buying the dips since the announcement. Im thinking breakout coming.
Will not work. You can not get around the science. Just another twist on the free energy scam and a gimmick.
I do not care who you are laughing at. The news he put out today is stupid. It just that simple. Do you see all the buyers on the news? No!